Govt Urges Conservation Amid Fuel Supply Risks, Austerity Measures Expected

Prime Minister Shehbaz Sharif convened a meeting to address fuel-saving efforts and austerity measures amid escalating tensions in the Gulf region due to the US-Israel-Iran war. The conflict has disrupted fuel supplies through the Strait of Hormuz, leading to fears of petroleum product shortages.

The government was briefed on the country’s fuel reserves and consumption patterns, as well as petroleum cargoes. It was informed that there are ample stocks available to meet requirements, with arrangements for additional fuel procurement underway. However, the regional situation could severely impact fuel supplies, necessitating more conservation measures.

PM Shehbaz directed consultations with provinces to devise a comprehensive strategy for any emergency situations and urged citizens to conserve petrol and diesel to prevent supply disruptions. The affluent classes were asked to lead by example in adopting fuel-saving practices.

The meeting also discussed austerity measures already implemented by the government, which have provided relief to people. The Intelligence Bureau (IB) is monitoring these measures and has been tasked with auditing their implementation and reporting back to the PM.

The gathering was attended by Chief of Defence Forces Field Marshal Asim Munir, National Security Adviser Lt-Gen Asim Malik, and several federal ministers. Last week, unprecedented austerity measures were announced to cope with the global oil crisis caused by the Iran war, including a 50% reduction in fuel allowance for official vehicles and a four-day workweek.